Gumi-si Achieves Odor Control and Budget Savings... Secures 100 Million Won in Local Allocation Tax

17th Korea Local Finance Awards: Minister of the Interior and Safety Award in Budget Saving Category

On the 19th, Gumi City in Gyeongbuk Province demonstrated excellence in local financial management by receiving the Minister's Award in the budget-saving category at the ‘17th Korea Local Finance Awards 2024’ hosted by the Ministry of the Interior and Safety, held at the main auditorium of the Civil Service Building in Government Sejong Complex.

Gumi City received the Ministerial Award in the Budget Savings category at the 17th Korea Local Finance Awards. (From left: Minwoo Kim, Officer; Sungki Han, Director of the Local Finance and Economy Office, Ministry of the Interior and Safety; Kyuhyuk Kwon, Officer; Heonjae Jeong, Officer) Photo by Gumi City

The Korea Local Finance Awards began in 2008 as the ‘Excellent Cases of Local Finance’ and is held annually. It is the most prestigious award in the field of financial management, recognizing and sharing outstanding cases that have contributed to the development of local finance among local governments nationwide.

Gumi City received great acclaim at the 2024 Gyeongbuk Province Local Finance Excellent Case Presentation Contest for its case of linking the wastewater treatment plant in the agricultural and industrial complex with the sewage treatment plant to resolve odor complaints and save budget. This case was highly evaluated for its sustainability and was selected to compete in the Ministry of the Interior and Safety contest.

Among the excellent cases submitted by local governments nationwide in November across four categories?budget saving, local subsidy innovation, revenue increase, and others?Gumi City’s case was selected as one of the top 10 and, after final evaluation, received the Minister's Award from the Ministry of the Interior and Safety.

With this award, Gumi City secured a special grant of 100 million KRW. The city had also received the Minister's Award in 2022 in the field of local tax audits, along with a grant of 100 million KRW.

Mayor Kim Jang-ho said, “This award is a valuable achievement recognizing Gumi City’s budget savings and efficient financial execution,” adding, “We will continue to build a trustworthy Gumi City for our citizens through efficient financial management.”

This content was produced with the assistance of AI translation services.